Time to Get Out of Bonds?

That’s a question friends have been asking me of late, and it’s a question I can’t respond to very usefully—because no one I know, including me, can know the future.

I do know there is a good reason to get out of bonds now (fear or rising interest rates accompanied by falling bond prices) and also a good reason to stay in bonds now (fear of a global economic collapse accompanied by the continued safety of bonds).

My fingers-crossed guess is that getting out of bonds now will prove to be the better decision.

What’s the middle ground? Do what day traders do.